Vir Biotechnology Q4 2023 GAAP EPS $(0.86) Beats $(1.00) Estimate, Sales $16.79M Beat $12.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vir Biotechnology reported Q4 2023 earnings with a GAAP EPS of $(0.86), surpassing the $(1.00) estimate. Sales reached $16.79M, exceeding the $12.15M forecast but marking a 66.03% decrease from the previous year's $49.41M.
February 22, 2024 | 9:37 pm
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Vir Biotechnology's Q4 2023 earnings exceeded expectations with an EPS of $(0.86) and sales of $16.79M, outperforming estimates but showing a significant year-over-year decline.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year sales decline may temper investor enthusiasm, suggesting a cautious optimism.
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RELEVANCE 100